Sentences with phrase «while ordinary life insurance»

While ordinary life insurance policies, also called whole life, may be too expensive for many younger people, term life insurance offers people the ability to take care of their families for a very low, affordable monthly premium.

Not exact matches

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

Beneficiaries of life insurance policies receive the death benefit payment free of ordinary income tax, while annuity beneficiaries may pay income or capital gains tax on death benefits received.

So rather than settle straight away for final expense or burial insurance, take a moment and find out what the underwriters are going to look at to determine if you can get ordinary whole or term life insurance while blind.

As we have already discussed, ordinary life insurance requires a medical exam while other policy types do not so it might be worth talking to your agent to discuss your options.